The Financial Diet
How MLMs Have Gotten Even More Dangerous Since COVID (2021x23)
Air date: Mar 12, 2021
In this episode, Chelsea dives into how MLMs (and girlboss culture) have gotten even worse since COVID, from unscientific claims to predatory recruitment practices.
TFD's other episodes on MLMs:
https://www.youtube.com/watch?v=ExxkmJAa0DQ
https://www.youtube.com/watch?v=Xc-fBzN32Ns&
https://www.youtube.com/watch?v=pdpCZegq3bU&
MLM definition: https://www.investopedia.com/terms/m/multi-level-marketing.asp
The ugly history of MLMs: https://medium.com/anti-dote/the-dirty-ugly-history-of-mlms-2930f3ab9dec
FTC stats: https://www.ftc.gov/sites/default/files/documents/public_comments/trade-regulation-rule-disclosure-requirements-and-prohibitions-concerning-business-opportunities-ftc.r511993-00008%C2%A0/00008-57281.pdf
FTC letter: https://www.consumer.ftc.gov/blog/2020/04/ftc-sends-covid-related-warnings-mlm-companies
MLMs profiting off COVID: https://time.com/5864712/multilevel-marketing-schemes-coronavirus/
Watch more of The Financial Diet hosted by Chelsea Fagan here: https://www.youtube.com/playlist?list=PLD30V46E07RR99cC0gCjKUbt-BKoDUcnc
The Financial Diet site: http://www.thefinancialdiet.com
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- Premiered: Sep 2015
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